Appdynamics

First Unicorn To Ipo In 2017

... $81.9 million and $150.6 million, respectively, representing YOY growth of 247% and 84%. For the nine months ended October 31, 2015 and 2016, revenues were $102.8 million and $158.4 million, respectively, representing YOY growth of 54%. Additionally, gross margin climbed to a high 74% in the most recent full year. App Dynamics incurred net losses of $68.3 million, $94.2 million and $134.1 million in the fiscal years ended January 31, 2014, 2015 and 2016, respectively. Increasing net losses are the result of increased operating expenses on development of new applications as well as sales and marketing effort. In 2016, the company spent $238.6 M on total operating expenses. Operations Data (in thousands). As of October 31, 2016, the company had $237.4 million in total liabilities, $35.3 million in marketable securities ...

Cisco Snatches Appdynamics From The Jaws Of An Ipo With A $3.7 Billion Acquisition

... was looking forward to an expected App Dynamics IPO. [Related: Dell EMC Commits To Exclusive Use Of Cisco UCS Servers In Vblocks, Vx Blocks ]. The App Dynamics acquisition is slated to close in Cisco’s third fiscal 2017 quarter. It is slated to become a new business unit under Rowan Trollope, senior vice president and general manager for Cisco's Io T and applications business. The division is expected to be led by current App Dynamics CEO David Wadhwani. Rob Salvagno, Cisco's vice president of corporate business development, in a Tuesday blog pos t wrote that digital transformation and the cloud are making application performance ever more critical. "Combining real-time visibility and intelligence at the network, security and application layers is transformational for companies. It can provide them with insight into the state of their business and most importantly, into the quality of their ...

Cisco To Buy Appdynamics For $3.7 Billion In Growth Push

... as the rise of cloud computing, that could otherwise threaten their core businesses. Cisco's announcement comes a week after Hewlett Packard Enterprise Co (HPE. N) said it would buy cloud startup Simpli Vity for $650 million in cash. President Donald Trump's plan to incentivize U. S. companies to repatriate their overseas cash could spur a new wave of dealmaking for large tech companies like Cisco, analysts say. Rob Salvagno, Cisco's vice president of corporate development, said in an interview that the acquisition fits Cisco's long-term direction and its transition toward software. App Dynamics makes software that manages and analyzes applications and it has about 2,000 paying customers, including NASDAQ Inc, Nike Inc and its new owner, Cisco. Cisco swooped in to buy App Dynamics the day before the San Franciso-based firm was planning to price its long-planned IPO. The company has been on its road show with investors. "The fact that they were in their IPO process represented a window where we needed to make a ...

Cisco To Acquire Appdynamics For $ 3.7 Billion

... Systems, Inc. (NASDAQ: CSCO) Networking & Communication Devices has a Current Ratio of 3.6 with a Quick Ratio value of 3.5. They now have a Dollars 37 price target on the stock. They now have a United States dollars 36 price target on the stock. Eventually, Cisco Systems, Inc. They now have a Dollars 33 price target on the stock. JP Morgan analysts disclosed their opinion on Cisco Systems, Inc. The stock hit its 52-week high price on 09/02/16, and 52-week low price on 02/10/16. Currently, the company has about 2,000 paying customers , including NASDAQ Inc, Nike Inc, e Harmony, Citrix Systems Inc, and Kraft Inc. At the movement stock is under coverage by number of analysts. The company presently has a consensus rating of "Buy" and an average target price of $32.71. During the same period in the previous year, the company posted $0.59 earnings per share. "Cisco made an offer that people felt was compelling", said Ravi Mhatre, a board member at App Dynamics and led the company's major investment round in 2008 at Light Speed Venture Partners. Shareholders of record on Friday, January 6 th will be given a dividend of $0.26 per ...

What The Appdynamics Sale Could Mean For Other Tech Ipo Candidates

... tech IPO is often seen as indicative of investor appetite, and can set expectations for future offerings. Following the  $3.7 billion sale of App Dynamics to Cisco , however, it’s not clear which company will be the first to go public in 2017 or how it will be received. Investors and bankers we spoke to say there are reasons to believe that a positive outcome like this one is a good sign for exits in general. The trend of IPO candidates being acquired before hitting the public markets, as well as the strength of App Dynamics’ roadshow, bodes well for the large number of tech companies expected to file their S-1 s this year. In emails to Tech Crunch, Union Square Ventures partner Fred Wilson wrote that the App Dynamics acquisition shows the “value of high growth tech companies to strategic buyers and the public markets alike… [as] those two markets feed off each other a bit.”. “One deal doesn’t normally change a market all by itself but I have felt like we are going to have a very strong IPO and M&A market in 2017 and this certainly is a positive sign,” Wilson ...

4 Things To Know About Appdynamics Before The Ipo

... a.m. ET. Potential first tech IPO of 2017 faces lowered valuation from private funding. Jyoti Bansal, co-founder and chief executive of App Dynamics Inc. App Dynamics Inc. could be the first technology company that goes public in 2017. The software company plans to publicly sell 12 million shares to raise a maximum of $168 million at the high-end of its $12-to-$14 per-share price range. The company is also planning a concurrent private placement in which existing stockholders may buy up to $32.5 million, or 2.49 million shares of common stock, in a private placement. App Dynamics US: APPD  has been approved to list on the Nasdaq under the symbol “APPD.” The filing of the initial public offering comes after the company postponed a previous offering due to uncertainty following the U. S. presidential election. The lead underwriters on the App Dynamics offering are Morgan ...

The New Cisco Is All About Software, Software, Software

... business would fundamentally change how coders create software, he explained. Amazon Web Services’ growth over the last decade was a double-edged sword for hardware companies like Hewlett Packard Enterprise and IBM. IBM and HPE have seen their hardware and server businesses decline as companies have increasingly bought their computing services on demand. At the same time, IBM and HPE's old-school software tools have become more irrelevant in today’s world of AWS-powered apps like home-renting service Airbnb and ride-sharing app Lyft. The digital blood-and-guts of these apps aren’t in one server tucked away in a lone corporate data center like they may have been in the past. Instead, the software infrastructure for these powerful apps is often distributed across in thousands of computers in multiple data ...

Silicon Valley's First Ipo Of 2017 Comes With A Caution Flag

... each. If investor enthusiasm picks up in the coming days, the stock could certainly price at the top of that range or higher. But at $11 — the middle of the current range — App Dynamics would be subject to the dreaded ratchet. Here's what that means. When App Dynamics last raised private funding in late 2015 in a round led by General Atlantic and Altimeter Capital, the $1.9 billion valuation included certain protective terms. Backers bought 11.6 million shares for $13.71 a share, with the caveat that should an IPO price at $11 or less, giving the company a market cap around $1.4 billion, the investors would be granted an additional 2.3 million shares, diluting other stakeholders. Venture capitalists refer to it as "structure," and it was a commonly used tactic by late-stage start-ups in recent years to show valuation growth from one round to the next. Square and Box are the two most prominent companies to fork over additional stock to investors after selling shares in their IPOs below the ratchet price. Silicon Valley spent last year sobering up from the excesses of the 2012-2015 era, when billion-dollar companies were minted so frequently that the term " unicorn " entered ...